December 27, 2024
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU AND UK MARKET ABUSE REGIMES
Shell plc (the “Company”) has been notified that following the payment of the interim dividend on December 19, 2024 in respect of the third quarter of 2024, the following Persons Discharging Managerial Responsibilities (“PDMRs”) acquired dividend shares in respect of shares previously delivered to them under the annual bonus and/or shares previously vested under employee share plans and held in a Share Plan Account. Further information can be found in the Shell plc Annual Report and Form 20-F for the year ended December 31, 2023.
As a publicly-traded company, Shell plc is required to disclose transactions made by Persons Discharging Managerial Responsibilities in accordance with the EU and UK Market Abuse Regimes. This notification serves as a means of transparency and accountability within the organization, ensuring that shareholders and stakeholders are informed of relevant transactions.
By acquiring dividend shares in respect of previously awarded shares, PDMRs are demonstrating their confidence in the company’s performance and future outlook. This aligns their interests with those of shareholders, as they are invested in the success and growth of Shell plc.
For more detailed information on these transactions and the company’s financial performance, interested parties can refer to the Shell plc Annual Report and Form 20-F for the year ended December 31, 2023. This comprehensive report provides insights into the company’s operations, strategies, and results, giving stakeholders a holistic view of Shell plc’s business.
Overall, this notification and public disclosure of transactions by PDMRs underscore Shell plc’s commitment to transparency, integrity, and shareholder value. By adhering to regulatory requirements and keeping stakeholders informed, the company maintains trust and confidence in its operations and leadership.
How this will affect you:
As a shareholder or potential investor in Shell plc, this disclosure of transactions by PDMRs provides insight into the company’s leadership and their commitment to its success. By acquiring dividend shares in respect of previously awarded shares, PDMRs demonstrate their confidence in Shell plc’s performance, which can be a positive indicator for the company’s future growth and stability.
How this will affect the world:
Public disclosures of transactions by PDMRs in companies like Shell plc contribute to overall market transparency and accountability. By providing visibility into the actions of key executives and managers, these disclosures help maintain trust and confidence in the integrity of financial markets. Additionally, such transparency can enhance corporate governance practices and promote investor confidence in the global business environment.
Conclusion:
In conclusion, the notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities at Shell plc reflect the company’s commitment to transparency, accountability, and shareholder value. By providing insights into the actions of key executives and managers, Shell plc aims to maintain trust and confidence among stakeholders, while also fostering market transparency and integrity globally.
